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Guideline Value

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Guideline Value for PALLAVAN NAGAR 3RD MAIN STREET 1ST CROSS

₹2750/sq.ft.

The guideline value for Pallavan Nagar 3rd Main Street 1st Cross in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pallavan Nagar 3rd Main Street 1st Cross

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Pallavan Nagar 3rd Main Street 1st Cross guideline value

The current guideline value for Pallavan Nagar 3rd Main Street 1st Cross is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Pallavan Nagar 3rd Main Street 1st Cross has changed

Looking back at the revisions, the guideline value for Pallavan Nagar 3rd Main Street 1st Cross was Rs 1,675 per sq.ft in 2017. It then increased to Rs 2,500 per sq.ft in 2012. The value saw a significant rise to Rs 2,500 per sq.ft in 2023, and further increased to Rs 2,750 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 have no figures available for this street.

The changes between revisions are notable: from 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, there has been an increase of 10% in the guideline value.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Pallavan Nagar 3rd Main Street 1st Cross is above this median.

Stamp duty and registration fee for property in Pallavan Nagar 3rd Main Street 1st Cross

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Nagar 3rd Main Street 1st Cross?

The Sub Registrar Office that covers Pallavan Nagar 3rd Main Street 1st Cross is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Koladi

The guideline value is a critical factor during the registration of property transactions in Koladi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Pallavan Nagar 3rd Main Street 1st Cross?

The current guideline value for Pallavan Nagar 3rd Main Street 1st Cross is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 1,675 per sq.ft in 2017, Rs 2,500 per sq.ft in 2023, and is now Rs 2,750 per sq.ft in 2024. The value has increased overall by 10% from 2012 to 2024.

What is the land classification for Pallavan Nagar 3rd Main Street 1st Cross?

The land classification for Pallavan Nagar 3rd Main Street 1st Cross is Residential Special Type - I. This classification indicates the specific zoning and usage regulations applicable to the area.

Where can I find the registration office for this area?

The registration office for Pallavan Nagar 3rd Main Street 1st Cross is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be calculated at 7% of this amount.